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EVERG VEHICLE Sells Remaining 20% Stake in Sweden Property; Estimated Loss HKD17.37M
Recommend 3 Positive 7 Negative 5 |
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EVERG VEHICLE (00708.HK) announced that National Electric Vehicle Sweden AB, an indirect wholly-owned subsidiary of EVERG VEHICLE, entered into a 20% Share Agreement on November 25, 2024. It was known that the subsidiary agreed to sell 20% of the shares of the target company “AB Trollhattan Propellern 13” to Logistikfastigheter i Trollhattan AB for a total consideration of SEK60 million (equivalent to about HKD43.78 million). In addition, the subsidiary also entered into a P-Note Sale Agreement whereby they agreed to sell promissory notes in the aggregate principal amount of SEK60 million (equivalent to approximately HKD43.78 million) to ASI and DI for a total consideration of SEK30 million (equivalent to approximately HKD21.89 million). Upon completion of the Disposals, the total disposal loss may amount to approximately SEK23.8 million (being approximately HKD17.37 million). AAStocks Financial News |
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